Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0033%/8hpaid last 24h −0.007%

Price spread now: Injective against OKX−0.780%78s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.780% cheaper against OKX than usual: you would sell low and buy high (spread −0.780% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$78 on $10k: about 3 months of funding at the current rate (+$1 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WMT-USDT-SWAP	107.66	0	get 0.0000% / 8h	4h 03m	$81K	$34K	20x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	3m 56s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee InjectivebpOrdersPrice spread, now −0.780%Rate

Funding earned: $7
Price spread: −0.780% → 0.000%: −$78.02
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$81.04
Costs to cover: 0.100%
Break-even: 88.0 days

Slippage unknown: OKX: no order-book sample; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

OKX and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WMT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX WMTUSDC	−0.0807%	4h	107.55	−0.105%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.43	−0.218%	$4K	$71	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.47	−0.179%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	107.50	−0.148%	$1.6M	$1.0M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.55	−0.102%	$118K	$13K	50x	as long as short
OKX WMT-USDT-SWAPlong	0.0000%	8h	107.66	long leg	$81K	$34K	20x
Gate WMT_USDT	0.0000%	8h	107.50	−0.149%	$815K	$21K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.46	−0.186%	$538K	$120K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.57	−0.079%	$61K	$79K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.55	−0.102%	$519	$136K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX WMT-USDT	0.0000%	8h	107.99	+0.307%	$6K	$345K	20x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−0.780%	$3K	$26K	12x
QFEX WMT-USD	+0.0043%	1h	107.48	−0.167%	$1.1M	$1.7M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.38	−0.260%	$34K	$929K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.51	−0.139%	$2K	$3.0M	10x	as long as short